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Cool Ways To Save Money This Summer

Published on June 25, 2019

Cool Ways To Save Money This Summer

Sweet summer! School is out, the sun is hot and there is much to do in the next few weeks. Here are some tips to live this hot summer to the fullest without breaking the bank.

1. Find low budget fun
A quick google search, or a trip to the library can uncover a plethora of fun budget friendly activities for kids, teens, and adults. From at home science experiments to enjoying the great outdoors- check out your local Farmers Market, Churches, parks, and museums for low cost activities for the entire family.

2. Cut back on road trips
Generally twice yearly in the US, the fuel supply changes. Known as the seasonal gasoline transition, it is the biggest reason for the price hike in summer gasoline. [1]  In addition to the change, the increase demand from more travel can turn gas prices from okay to unbearable. Opt for rideshares, public transportation and local activities this summer to help save at the pump.

3. Reduce cooling costs
Bump up the thermostat by a few degrees-The U.S. Department of Energy recommends setting your thermostat to 78 F to stay comfortable and save money. Set your thermostat up 7–10 degrees when you’re at work, and you could save 10% on your bill.  [2]

4. Make money
Have fun and make money by selling handmade crafts on online marketplaces. Also, going through closets and selling gently used items can be a money maker. Have the entire family go through clothing, shoes, accessories and home goods and post them to make extra money. Other ways to make money this summer include; lawn care, babysitting, pet sitting, and house sitting. Allow this extra money to be used as fun spending money or future investment!

5. Plan ahead
Consider making regular deposits into a Queensborough savings account or opening a short term CD to help you reach for saving goals. Combining these saving tips with a new way to save allows you to think ahead and prepare for more fun in the sun (or shade!)

[1] Silverman, Jacob. “Why Is Summer Fuel More Expensive than Winter Fuel?” HowStuffWorks, HowStuffWorks, 6 June 2008,


By Alix Stamatakis, Customer Service Representative

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